10 Stocks Lead Monday’s Charge Amid Market Bloodbath

6. Nokia Oyj (NYSE:NOK)

Nokia rose by 4.37 percent on Monday to finish at $5.01 apiece as investor sentiment was boosted by its partnership with Verizon and Lockheed Martin that successfully integrated a military-grade 5G technology into the latter’s 5G.MIL Hybrid Base Station.

The integration would enhance the ability to merge commercial 5G connections with military communications systems which is vital for national defense.

In other news, NOK also successfully concluded the $2.3 billion acquisition of Infinera as part of its plans to strengthen its presence in the data center market and ride the booming Artificial Intelligence industry.

On Friday, NOK said the European Commission unconditionally approved its takeover of Infinera. The acquisition paved the way for the Finnish firm to strengthen its presence in both North America and webscale customers.

Following the acquisition, NOK appointed Justin Hotard, formerly head of Intel’s data center and AI group, as its new CEO. He is set to replace Pekka Lundmark.